DUBLIN, February 5, 2021 / PRNewswire / – Added Report “Animal Feed Market – Projections from 2021 to 2026” ResearchAndMarkets.com’s offering.
The animal feed market is expected to grow at a CAGR of 4.90% to reach US $ 460.322 billion before 2026, from US $ 345,434 billion in 2020.
Animal feeds are referred to as those products that are responsible for improving the health of animals. The food is served in several doses depending on the animal. Rapid urbanization and consumption of meat and other end products such as milk and eggs across various sectors is driving the growth opportunities of the animal market over the expected period. The food helps to increase the animal’s abilities by providing rich nutrition along with the food, accelerating growth and weight gain and improving immunity. Disease outbreaks in animals contribute significantly to the proliferation of animal feed as it contributes to the health of the animals and the proper management of the food chain.
High growth in the animal feed market is supported by key player growth strategies in the form of expansion and investment, which will also help in expanding the product portfolio and reaching out to new target markets. In addition, a growing livestock population along with the shift from unorganized livestock farming to the organized sector is expected to boost market growth opportunities in the coming years. However, high volatility of raw material prices are expected to hinder market growth during the forecast period. Also, a growing trend towards the adoption of a vegan-based diet is expected to hamper the growth of the animal feeding market in the forecast period and in the coming years.
The outbreak of the new coronavirus disease is expected to have a moderate adverse impact on market growth especially in the year 2020 which is largely due to the disruption in supply chain activity due to constraints global trade. In addition, a sharp decline in meat consumption due to growing health concerns amid the pandemic along with the closure of malls, restaurants and others, has led to a decline in the meat sector. food services in many parts of the world are also in a short-term market impact. However, a strong market recovery is expected in the coming years with restrictions reduced in many countries and the opening of malls, hotels and restaurants pushing the demand for meat again.
Growing global food demand coupled with the growing global population is one of the key factors driving the growth of the global animal feed market in the foreseeable future. Index.
According to the United Nations forecast, global demand for food is expected to grow by more than 50% by the end of 2050. To achieve this, animal feed production is expected to triple (for milk and fish) and almost double (for poultry, pork, and beef) compared to the standard production rate. Global meat production is expected to grow by around 70%, aquaculture is expected to rise by about 90%, and milk production is expected to rise by around 55%. This is because animal husbandry and the consumption of animal protein are essential for maintaining the nutritional quality of individuals at a global level. Therefore, the market is expected to grow at a very stable rate in the forecast period. As per FAO estimates, animal protein production is projected to increase 1.7% (approximately) per year in the period 2010 to 2050. In 2018, commercial feed manufacturing generated an annual turnover of more than USD400 billion (source: International Feed Industry Federation).
Animal feed market in the Asia Pacific The sector is counted to have a large market share due to a large consumer base especially in the emerging economies of the region. China and India. The growing middle-class population with growing household incomes is contributing to the growth of the market in the forecast period. Consumers have a greater consumption capacity to meet their nutritional needs in addition to a regular diet derived from grains. Also, with the growing per capita disposable income, the market for animal feed is expected to keep pace with the growing health awareness of animal protein consumption. In addition, animal feed plays a vital role in the food industry, so with the growing food industry in the APAC sector, the market for animal feed will also grow. This is because animal feed is essential for the safe and abundant supply of animal proteins for a large number of people. In addition, the North American region is expected to see significant growth due to the growth of poultry and beef production in the country, supported by a growing focus on increasing nutrient content for animal health.
Competitive ideas
The players in the animal feed market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Key market players have been covered along with their competitive strategies and the report also mentions recent deals and investments of various market players over the past few years. The company profiles section outlines the industry overview, financial performance (public companies) for the last few years, key products and services offered along with the contracts and investments of these key players o recently in the animal feed market.
Key topics covered:
1. Introduction
1.1. Market definition
1.2. Market view
2. Research Methodology
2.1. Search Data
2.2. Barailean
3. Executive Minutes
3.1. Main points for research
4. Market dynamics
4.1. Market drivers
4.2. Market barriers
4.3. Five Force Analysis
4.3.1. Supplier bargaining power
4.3.2. Buyers’ bargaining power
4.3.3. Danger of new entrants
4.3.4. Agent Risk
4.3.5. Competitive competition in the industry
4.4. Business value chain analysis
5. Animal Market Analysis, by type
5.1. Introduction
5.2. Fodder
5.3. Forage
5.4. Mixed feed
6. Livestock Market Analysis, by Livestock
6.1. Introduction
6.2. Pork
6.3. Aquatic animals
6.4. Cattle
6.5. Chicken birds
6.6. Others
7. Animal Feed Market Analysis, by Raw Materials
7.1. Introduction
7.2. Soya
7.3. Canola
7.4. Food provided
8. Animal Market Analysis, by Geography
8.1. Introduction
8.2. North America
8.2.1. North American animal feed market, by type, 2020 to 2026
8.2.2. North American Animal Feed Market, With Animals, 2020 to 2026
8.2.3. North American Animal Nutrition Market, With Raw Products, 2020 to 2026
8.2.4. According to Country
8.2.4.1. United States
8.2.4.1.1. By type
8.2.4.1.2. With cattle
8.2.4.1.3. The Raw Material
8.2.4.2. Canada
8.2.4.2.1. By type
8.2.4.2.2. With cattle
8.2.4.2.3. The Raw Material
8.2.4.3. Mexico
8.2.4.3.1. By type
8.2.4.3.2. With cattle
8.2.4.3.3. The Raw Material
8.3. South America
8.3.1. South American animal feed market, by type, 2020 to 2026
8.3.2. South American Animal Feed Market, With Animals, 2020 to 2026
8.3.3. South American Animal Feed Market, With Raw Products, 2020 to 2026
8.3.4. According to Country
8.3.4.1. Brazil
8.3.4.1.1. By type
8.3.4.1.2. With cattle
8.3.4.1.3. The Raw Material
8.3.4.2. Argentina
8.3.4.2.1. By type
8.3.4.2.2. With cattle
8.3.4.2.3. The Raw Material
8.3.4.3. Others
8.4. Europe
8.4.1. European Animal Feed Market, by category, 2020 to 2026
8.4.2. European Animal Feed Market, With Animals, 2020 to 2026
8.4.3. European Animal Feed Market, According to Raw Products, 2020 to 2026
8.4.4. According to Country
8.4.4.1. RA
8.4.4.1.1. By type
8.4.4.1.2. With cattle
8.4.4.1.3. The Raw Material
8.4.4.2. Germany
8.4.4.2.1. By type
8.4.4.2.2. With cattle
8.4.4.2.3. The Raw Material
8.4.4.3. France
8.4.4.3.1. By type
8.4.4.3.2. With cattle
8.4.4.3.3. The Raw Material
8.4.4.4. Others
8.5. Middle East and Africa
8.5.1. Middle East and the African Animal Feed Market, by category, 2020 to 2026
8.5.2. Middle East and African Animal Feed Market, With Animals, 2020 to 2026
8.5.3. Middle East and African Animal Feed Market, With Raw Products, 2020 to 2026
8.5.4. According to Country
8.5.4.1. Saudi Arabia
8.5.4.1.1. By type
8.5.4.1.2. With cattle
8.5.4.1.3. The Raw Material
8.5.4.2. United Arab Emirates
8.5.4.2.1. By type
8.5.4.2.2. With cattle
8.5.4.2.3. The Raw Material
8.5.4.3. Israel
8.5.4.3.1. By type
8.5.4.3.2. With cattle
8.5.4.3.3. The Raw Material
8.5.4.4. Others
8.6. Asia Pacific
8.6.1. Asia Pacific animal feed market, by type, 2020 to 2026
8.6.2. Asia Pacific Animal Feed Market, With Animals, 2020 to 2026
8.6.3. Asia Pacific Animal Feed Market, With Raw Products, 2020 to 2026
8.6.4. According to Country
8.6.4.1. Japan
8.6.4.1.1. By type
8.6.4.1.2. With cattle
8.6.4.1.3. The Raw Material
8.6.4.2. China
8.6.4.2.1. By type
8.6.4.2.2. With cattle
8.6.4.2.3. The Raw Material
8.6.4.3. India
8.6.4.3.1. By type
8.6.4.3.2. With cattle
8.6.4.3.3. The Raw Material
8.6.4.4. South Korea
8.6.4.4.1. By type
8.6.4.4.2. With cattle
8.6.4.4.3. The Raw Material
8.6.4.5. Others
9. Competitive environment and analysis
9.1. Key players and strategy analysis
9.2. Emerging players and market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Cooperations
9.4. Vendor Competition Matrix
10. Company Profiles
10.1. Alltech
10.2. Cargill, Corporal
10.3. Kemin Industries, Inc.
10.4. Nutreco NV
10.5. Food Charoen Pokphand PCL
10.6. BRF SA
10.7. Purina Animal Nutrition LLC.
10.8. New hope group
10.9. ADM Animal Nutrition
10.10. Kent Nutrition Group
For more information about this report, visit https://www.researchandmarkets.com/r/vk97qv
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